The following are the PMEGP Eligibility criteria who are depending on bank loan those citizens must follow the below rules and regulations…..

PMEGP Eligibility Conditions of Beneficiaries

Any individual, above 18 years of age

There will be no income ceiling for assistance for setting up projects under PMEGP.

For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification.

Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.

Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.

Institutions registered under Societies Registration Act,1860;

Production Co-operative Societies, and

Charitable Trusts.

Existing Units (under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.

Other PMEGP eligibility conditions

A certified copy of the caste/community certificate or relevant document issued by the competent authority in the case of other special categories, is required to be produced by the beneficiary to the concerned branch of the Banks along with the Margin Money (subsidy) Claim.

A certified copy of the bye-laws of the institutions is required to be appended to the Margin Money (subsidy) Claim, wherever necessary.

Project cost will include Capital Expenditure and one cycle of Working Capital. Projects without Capital Expenditure are not eligible for financing under the Scheme. Projects costing more than Rs.5 lakh, which do not require working capital, need clearance from the Regional Office or Controller of the Bank’s Branch and the claims are required to be submitted with such certified copy of approval from Regional Office or Controller, as the case may be.

Cost of the land should not be included in the Project cost. Cost of the ready built as well as long lease or rental Work-shed/Workshop can be included in the project cost subject to restricting such cost of ready built as well as long lease or rental workshed/workshop to be included in the project cost calculated for a maximum period of 3 years only.

PMEGP is applicable to all new viable micro enterprises, including Village Industries projects except activities indicated in the negative list of Village Industries. Existing/old units are not eligible (Para 29 of the guidelines refers).

Telangana government decided to give loans for about 1 Lakh unemployed youth under the Prime Minister’s Employment Generation Programme (PMEGP). About 10 thousand youth will be selected from each district under this scheme. Under this scheme government cleared the hurdles for receiving online applications and also made the procedures for immediate sanctions. For this government already instructed the concerned officers to chalk out the plans.

The scheme will be implemented by the District Industries Centre (DICs), Khadi Village Industries Commission (KVIC) and Khadi and Village Industries Boards (KVIBs). As already the Telengana government started the state job recruitments now it is also trying to tap the PMEGP scheme to help the youth of the state.

A maximum financial assistance of Rs. 25 lakh and a minimum of Rs.5 Lakhs would be extended through banks for ventures. All the Prospective entrepreneurs under the general category can avail 25 per cent of the project cost as subsidy. All the applicants from SC/ST, MBC, minorities, ex-service personnel and differently abled categories, 35 per cent subsidy will be given. Unlike the past, the government now wants to give the subsidy as soon as possible without any delays.

PMEGP Notification will be released on 28th A notification related to this will be released by the government on 28th of this month. All the applications must be submitted through online. The selection will be completed within a month span. All the subsidies to the concerned projects will be released in two months. Manufacturing units will be given higher loans and there will be support from government for their business improvement. Government also instructed the banks to provide loans as per the prescribed time durations.

Indian Prime Minister recently updated the PMEGP website Apply for New PMEGP Online Application at kviconline.gov.in/pmegp….. PM Narendra Modi released a scheme named as Prime Minister’s Employment Generation Programme (PMEGP). The PMEGP Schemeis mainly useful for getting loans for un-employed aspirants. Recently the PMEGP Online Application submission had started now at www.kviconline.gov.in/pmegp/ web portal. So who are interested for this just follow the below steps for how to apply PMEGP Online Application….

Procedure for How to Fill the PMEGP Online Application at kviconline.gov.in

Aspirants first of all every applicant logon into the official site www.kviconline.gov.in/pmegp/

After opening the website you can see “PMEGP Online Application” option. Just click on the option. It Opens separate tab in your browser.

After you can see the second tab it will shows to you “On-Line Application Submission”. Just click on the link. Another tab will be opened.

In that tab you can see the Online Application. Just fill you details.

After it will shows you “Preference for sponsoring Agency and Office”. In that preference option you can select State, District, Agency.

After selecting the agency you can select the Legal Type, Prefix. After you can enter your name, Aadhaar Card number, Date of Birth, Age, Gender, Father Name and Communication Address.

Disclaimer

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